Friday, May 18, 2012

AAPL Update

Well the spec calls aren't green yet, but if AAPL keeps this up, they may be soon... While the Tech sector is at about a .50% gain, some of the names shown in  the 3 min leading positive divergence charts from yesterday are shaping up, AAPL is up 2.25% right now.

 AAPL intraday off the open

 AAPL daily, a move above the tendline which was important support, should get a short covering squeeze started.

 There's confirmation on this morning's move as the 1 min chart which has been trending higher is hitting a new leading high.

 The 3 min chart's positive from yesterday is dwarfed by today's leading positive, this is much stronger than just confirmation.

And finally the 5 min chart comes around in a very strong leading positive divergence. The 15 min chart has been in a leading position for some time, as I mentioned yesterday, accumulation for a bounce move in a stock as big as AAPL doesn't happen in a few days, it takes more time and the more time it takes, generally the larger the move.

It's still early, but this is a nice start in the stock I expected to lead a final move higher.

No comments: